The traded on the New York Stock Exchange oil contracts rose on Friday after optimistic economic data from China eased concerns that the second most powerful economy in the world slows down its growth.
Despite the good news from Asia the profits of raw material were limited compared to the concern that 16-day blockade of the U.S. administration will negatively affect economic growth overseas.
The contracts on light sweet crude for December delivery rose with 0.24% in Friday's session, closing the trade at USD 101.11 a barrel.
On a weekly basis the value of the futures on energy raw materials fell with 0.4%, taking its fifth week of declines in the last six.
Oil prices found support after official data showed that China's economy expanded at an annual rate of 7.8 % in the third quarter after rising by 7.5% in the three months to June.
A separate report showed that industrial production in China has increased at an annual rate of 10.2% in the ninth month, slightly exceeding the expectations of experts for an increase of 10.1%. In August the increase was even 10.4%.
The China's economy is the second largest consumer of oil in the world after the United States and is among the main drivers of the demand.